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ARENA backs Sustainable Australia Fund with $630,000

IN BRIEF: The Australian Renewable Energy Agency has today announced $630,000 for the Sustainable Australia Fund (SAF) to expand its fixed-rate, long-term
loans for environmental upgrades to NSW and SA.

The company was originally set up by the City of Melbourne where it provided low
cost financing under the Environmental Upgrade Finance program to Victorian
businesses.

The company offers fixed-rate, long-term loans for environmental upgrades, covering
up to 100 per cent of the capital costs, paid back through council rates.

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